The new owner of the former Zeller’s Plaza property on London Road has announced a five-year $10-million revitalization project that will see the property function as a “vibrant, outdoor mall” with food service, traditional retail and professional services.
Rob Dawson, president of Lucor Property investments, released renderings showcasing plans for the property.
The news follows a recent announcement that Tepperman’s will be moving into a new 38,000-square-foot store in what is now being called the London Road Shopping Centre. In that store, Tepperman’s will be featuring a Bargain Annex.
Dawson says some current tenants will be seeing improvements, among them Crabby Joe’s, which is working toward a standalone space with a potential patio.
Goodwill Industries is also eyeing changes to their site.
“Retailers expectations have changed drastically since the centre was originally developed,” said Dawson. “We know our enhancements will satisfy these needs and draw new tenants to what will be a highly desirable, modernized space. There’s really nothing like it in Sarnia.”
Dawson said his firm has been able to recruit tenants to the point where occupancy is now projected to be 75% for the expanded footprint.
“We’re now negotiating agreements for the east and north parts of our property,” he added.
Groundbreaking on the Tepperman’s store will take place in March 2017.